A giant yellow duck floated around Sydney Harbour on Thursday in a rehearsal for a Sydney Festival event which organizers say will turn the harbor into a "giant bathtub". (Jan. 3)
By Anjali Athavaley and Aishwarya Venugopal (Reuters) - AT&T Inc shares rose on Friday after the wireless carrier said it added more than 200,000 paying subscribers to its DirecTV Now streaming television service, launched in November.
Mark Zuckerberg paid close to $100 million for 700 acres of beachfront property on the island of Kauai in 2014. Three holding companies controlled by Zuckerberg filed eight lawsuits in local court on December 30 against families who collectively inherited 14 parcels of land through the Kuleana Act, a Hawaiian law established in 1850 that for the first time gave natives the right to own the land that they lived on. The 14 parcels total just 8.04 of the 700 acres Zuckerberg owns, but the law gives any direct family member of a parcel's original owner the right to enter the otherwise private compound.
By Ian Ransom MELBOURNE (Reuters) - With Novak Djokovic's reign broken, Andy Murray boosted his claim to the Melbourne Park throne with a comprehensive 6-4 6-2 6-4 win over American Sam Querrey to reach the fourth round of the Australian Open on Friday. Top seed Murray, beaten in four of his five finals in Melbourne by Djokovic, has become raging favorite after the Serb's stunning second round exit on Thursday and the Briton lived up to the billing by trouncing Querrey in a tick under two hours at the Hisense Arena. Murray was among the many surprised by Djokovic's elimination but was neither dancing on the Serb's grave nor talking up his own hopes of a maiden title in Melbourne.
Republican governors who turned down billions in federal dollars from an expansion of Medicaid under President Barack Obama's health care law now have their hands out in hopes the GOP-controlled Congress comes up with a new formula to provide insurance for low-income Americans. The other GOP governors, such as Ohio Gov. John Kasich, who agreed to expand state-run services in exchange for federal help — more than a dozen out of the 31 states — are adamant that Congress maintain the financing that has allowed them to add millions of low-income people to the health insurance rolls.
As bond yields rose, the prices of virtually everything paying an income stream got slammed. Some of my favorite dividend stocks, REITs and closed-end funds fell by 20% or more ... at a time when the broader stock market was rallying. This is where monthly dividend stocks come in handy.
According to self-made millionaire and financial adviser David Bach, buying a home is "an escalator to wealth." Bach says the smartest investments he ever made were all in real estate. He tells CNBC: "I first bought a home in San Francisco. It skyrocketed in price. I moved to New York and bought another home. It skyrocketed in price. My net worth has gone up millions and millions of dollars, simply because I've lived." Buying a home may be the biggest purchase you ever make, and you want to be sure the one you choose is one you can afford. First and foremost, Bach recommends having a down payment of at least 10%, though more is always better. Ideally, you'll want to put 20% down. Anything lower
A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100. Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday.
Mexico's Colima volcano erupted early Thursday morning, sending ash more than a mile into the sky and lava flowing down its sides. Photo: Webcams de Mexico via Storyful.
When Citigroup (NYSE:C) reported earnings on Wednesday, it announced a major milestone that its investors should cheer. The New York-based bank said that the fourth quarter of 2016 was the last time it'd separate the results from its Citi Holdings subsidiary, which was created in the wake of the financial crisis to house the bank's toxic and noncore assets. More than any other major bank, Citigroup found itself in the crosshairs during the crisis eight years ago. Its decision to double down on subprime mortgages on the eve of the downturn led to a $17 billion loss in the fourth quarter of 2008 alone. It followed that up with a nearly $8 billion quarterly loss a year later. To survive, Citigroup
Windows business customers who missed out on their shot at a free Windows 10 upgrade may be getting a second chance. Microsoft announced in a blog post on Thursday that customers with Windows subscriptions through its Cloud Solution Provider (CSP) program will be able to upgrade their Windows 7 and Windows 8.1 devices to Windows 10 for free. Specifically, according to the blog post, "customers subscribed to Windows 10 Enterprise E3 and E5 as well as Secure Productive Enterprise E3 and E5, can now upgrade their Windows 7 and Windows 8.1 PCs and devices to Windows 10 without the need to purchase separate upgrade licenses." As noted by ZDNet's Mary Jo Foley, the Enterprise E3 and E5 subscriptions
Does a job with lots of openings, an hourly rate of at least $20, high potential for growth and flexible work options sound too good to be true? It’s not. In fact, job search site FlexJobs highlights 20 such careers in its list of “High-Potential
"An imposter, a [political] conman and a would-be dictator," is the verdict of billionaire investor George Soros on Donald Trump. Speaking to a packed audience at his annual dinner at the World Economic Forum in Davos, Mr Soros said he was confident Mr Trump's powers would be limited by Congress. "He won't be able to get away [with being a dictator]," he added. Ultimately, Mr Soros said he expected Mr Trump to fail. "The ideas that guide him are fundamentally contradictory. He has three chiefs of staff instead of one and his cabinet are very fragmented and fighting with each other," he said. Mr Soros has been unrelentingly critical of Mr Trump since his shock election victory, and the pair have
Western Union Co , the world's biggest money-transfer company, agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, U.S. authorities said on Thursday. Western Union, which has over half a million locations in more than 200 countries, admitted "to aiding and abetting wire fraud" by allowing scammers to process transactions, even when the company realized its agents were helping scammers avoid detection, the U.S. Department of Justice and the Federal Trade Commission said in statements. With the help of Western Union agents, Chinese immigrants used the service to send hundreds of millions of dollars to pay human smugglers, wiring the money in smaller increments to avoid federal reporting requirements, U.S. authorities said.
Recap and release, a recapitalization of the companies followed by releasing them from government control, is a plan supported by several investors who hold shares of the companies. "I believe (Fannie Mae and Freddie Mac) are very important entities to provide the necessary liquidity for housing finance.
matched analysts' profit estimates for the last three months of 2016 even as lower oil-equipment purchases dragged on gains from both the Alstom energy business acquired last year and orders for a new, more fuel-efficient jet engine. "We accomplished much of what we set out to do in 2017, and we have no change to our framework for 2017," CEO Jeffrey Immelt said on an earnings call. Immelt, who took the top job at GE in September 2001, has spent years refocusing the 124-year-old giant founded by Thomas Edison on its industrial roots, emphasizing digital manufacturing and businesses like jet engines and locomotives while selling NBC and pulling away from lending.
David Stockman, former OMB director for Ronald Reagan, discusses why there may be a "fiscal bloodbath" instead of fiscal stimulus under Donald Trump.
In recent months, large numbers of American Airlines flight attendants have mysteriously fallen ill with symptoms ranging from throat and eye irritation to headaches and vertigo. According to the Association of Professional Flight Attendants, the union that represents American's 25,000 flight attendants, more than 2,300 of its members have reported experiencing health issues that they believe are linked to the uniforms.
Retirement is a major milestone that brings many life changes. According to the Transamerica Center for Retirement Studies, the most frequently reported retirement worry is outliving savings and investments. Across all ages, 51% of respondents cited this concern, and 41% of retirees claim the same fear.
Recently, Amazon launched a new Prime Rewards Visa Card which will give its Prime customers a 5% discount on all their purchases on Amazon. Additionally, customers will also get rewards at other places where they shop using this card including restaurants, gas stations and drugstores. With no annual fee and other benefits such as no foreign transaction fees and travel protection, this card is likely to delight Amazon’s existing Prime customers and attract more Prime members. While Amazon Prime members can already earn a 5% discount through its store card issued by Synchrony, the new card is a Visa card which can be used anywhere. According to a note published by Consumer Intelligence Research
Competition for the EpiPen keeps mounting. The talking auto-injector competitor to Mylan's billion-dollar allergy attack remedy, the Auvi-Q, will return to market Feb. 14, manufacturer Kaleo said Thursday. The price? A whopping $4,500 for two auto-injectors. But not so fast, Kaleo said. It guarantees a cash price of $360 for two auto-injectors. Plus it will offer a program it calls Auvi-Q AffordAbility that guarantees U.S. patients with commercial insurance will have no out-of-pocket costs for the devices, plus free product for those who don't have insurance and have a household income of less than $100,000. It's an example of the complicated economics that govern drug pricing. "We wish we didn't
China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports.
The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect Donald Trump who has made lowering prices for military equipment a pillar of his transition into office. Talks are still ongoing for the tenth batch of stealthy fighter jets with a deal for 90 planes expected to be announced by the end of the month, three people said on condition of anonymity.
By Scott DiSavino NEW YORK (Reuters) - Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high. U.S. shale
When CenturyLink (NYSE:CTL) announced in late October that it will acquire Level 3 Communications (NYSE:LVLT), shares of the telecommunications giant plunged more than 13% over the next few days to flirt with a fresh 52-week low. With shares now trading at just 11 times this year's expected earnings, have investors overreacted to CenturyLink's acquisition of Level 3? Before we get there, however, I'll admit it's hard to blame the market for bidding shares of CenturyLink down. For one, recall that shares of both CenturyLink and Level 3 skyrocketed 18% and 13%, respectively, in a single day the previous week after reports surfaced stating the two companies were in "advanced talks" to merge.
Shares of Kinder Morgan (KMI) sank after the largest energy infrastructure company in North America posted lower-than-expected revenue for the fiscal fourth quarter results. The Houston-based company reported net profit of $0.08 a share. Revenue of $3.39 billion fell from $3.64 billion year-over-year, falling short of analysts' estimates of $3.5 billion. Immediately following the financial results, Kinder Morgan shares plummeted by as much as 3%. The Natural Gas Pipelines segment was affected by the sale of a 50% interest in SNG and reduced volumes, the company said. Natural gas transport volumes fell by 2%, compared to the same period a year prior. The segment benefited, however, from increased